The report forecasts the global post-COVID-19 blockchain supply chain market to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during 2020-2026.
The major growth drivers for the market include increasing popularity of blockchain technology in retail and SCM and growing need for supply chain transparency. However, uncertain regulatory status and standards may restrain the market growth.
Among type, hybrid and consortium segment to grow at the highest CAGR during the forecast period
A permissioned blockchain provides a hybrid solution between the low trust offered by public blockchains and the single, highly trusted entity model of private blockchains. The advantage of the hybrid blockchain combines a permissioned that is a private blockchain with a public blockchain, and companies are able to secure background transactions with business partners, while also sharing product information with consumers on an open ledger.
The advantage of access control leading to increase as well as strengthened security has helped hybrid blockchain to increasingly become popular among enterprises and is being implemented by companies, such as Maersk. The use cases of hybrid blockchain in supply chain are increasing among industry verticals, such as eCommerce. Hence is expected to grow at the highest CAGR.
Large enterprises segment to hold a larger market size during the forecast period
The reduction in infrastructure costs, improvement in business functioning, and sustainability in the intense competition are the key factors that are projected to drive the adoption of blockchain supply chain in large organizations. The investments done by large enterprises in advanced technologies for increasing productivity and efficiency of the company is also a key factor that is projected to drive the adoption of blockchain supply chain in large enterprises.
Asia-Pacific (APAC) to grow at the highest CAGR during the forecast period
Due to the presence of more middle-class societies, APAC has more varied customer demands. Approximately 70% of the world's container traffic passes through ports in APAC. Moreover, most APAC businesses reach their markets through complex supply chains that include many intermediaries, such as trading partners and a variety of different paths to market. Supply chains in APAC are often significantly more difficult to manage as compared to other regions of the world. To reduce these complexities, the adoption of blockchain supply chain in the region is increasing.
China, India, Australia, and Singapore are witnessing growth in the number of startups in cryptocurrency and blockchain technology. Hence, organizations have started joining various conferences to brainstorm and understand the value of blockchain. The increased shift of APAC enterprises toward leaner and agile supply chains with end-to-end visibility by the adoption of the latest technologies is also one of the biggest drivers of blockchain supply chain software and services in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Blockchain Supply Chain Market 4.2 Market, by Type and Provider 4.3 Market, by Region 4.4 Market: Investment Scenario
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Increasing Popularity of Blockchain Technology in Retail and SCM 18.104.22.168 Growing Need for Supply Chain Transparency 22.214.171.124 Rising Demand for Enhanced Security of Supply Chain Transactions 5.2.2 Restraints 126.96.36.199 Uncertain Regulatory Status and Standards 5.2.3 Opportunities 188.8.131.52 Growing Need for Automating Supply Chain Activities and Eliminating Middlemen 184.108.40.206 Rising Government Initiatives 5.2.4 Challenges 220.127.116.11 Managing the Increasing Data Volume 18.104.22.168 Lack of the Technical Knowledge 22.214.171.124 Shortage of Supply and Demand Shocks During COVID-19 Outbreak 5.3 COVID-19 Driven Market Dynamics 5.3.1 Drivers and Opportunities 5.3.2 Restraints and Challenges 5.3.3 Cumulative Growth Analysis 5.4 Value Chain Analysis 5.5 Ecosystem: Market 5.6 Average Selling Price/Pricing Model of Blockchain Supply Chain Players 2019-2020 5.7 Blockchain Technology Analysis 5.7.1 Blockchain Supply Chain Market: Top Trends 126.96.36.199 Integration of Blockchain Technology with the Internet of Things 188.8.131.52 Smart Contracts 5.8 Use Cases 5.8.1 to Check the Authenticity, Provenance, and Origin of Products by Tracking the Global Flow of Goods, by BigchainDB 5.8.2 Use Case 2: To Reduce the Wastage of Food by Improving Food Safety and Traceability, and to Help Its Online and Offline Consumers Across the Globe, by IBM 5.8.3 Use Case 3: To Leverage Innovative Technologies such as Blockchain, AI and IoT to Transform Supply Chain Operations in the Shipping Industry, by Oracle 5.8.4 Use Case 4: Blockchain Helps RCS Global Trace Responsibly Produced Raw Materials, by IBM 5.9 Revenue Shift - YC/YCC Shift for Market 5.10 Patent Analysis 5.11 Porter's Five Forces Analysis 5.11.1 Threat from New Entrants 5.11.2 Threat of Substitutes 5.11.3 Bargaining Power of Suppliers 5.11.4 Bargaining Power of Buyers 5.11.5 Intensity of Competition Rivalry
6 Blockchain Supply Chain Market, by Offering 6.1 Introduction 6.1.1 Offering: Market Drivers 6.1.2 Offering: COVID-19 Impact 6.2 Platform 6.3 Services 6.3.1 Technology Advisory and Consulting 6.3.2 Deployment and Integration 6.3.3 Support and Maintenance
7 Blockchain Supply Chain Market, by Type 7.1 Introduction 7.1.1 Type: Market Drivers 7.1.2 Type: COVID-19 Impact 7.2 Public 7.3 Private 7.4 Hybrid and Consortium